Toll Brothers — May 20, 2025 release

With our balanced operating platform, disciplined underwriting, financial strength and healthy cash flows, we are well positioned to adapt to changing market conditions and to continue delivering value to our stockholders.” Third Quarter and FY 2025 Financial Guidance: Third Quarter Full Fiscal Year Deliveries 2,800 to 3,000 units 11,200 to 11,600 units Average Delivered Price per Home $965,000 to $985,000 $945,000 to $965,000 Adjusted Home Sales Gross Margin 27.25  % 27.25  % SG&A, as a Percentage of Home Sales Revenues 9.2  % 9.4% to 9.5% Period-End Community Count 430 440 to 450 Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other $— million $110 million Tax Rate 26.0  % 25.5  % Financial Highlights for the three months ended April 30, 2025 and 2024 (unaudited): 2025 2024 Net Income $352.4 million, or $3.50 per share diluted $481.6 million, or $4.55 per share diluted Pre-Tax Income $477.5 million $649.8 million Pre-Tax Inventory Impairments included in Home Sales Costs of Revenues $9.8 million $28.4 million Home Sales Revenues $2.71 billion and 2,899 units $2.65 billion and 2,641 units Net Signed Contracts $2.60 billion and 2,650 units $2.94 billion and 3,041 units Net Signed Contracts per Community 6.4 units 8.0 units Quarter-End Backlog $6.84 billion and 6,063 units $7.38 billion and 7,093 units Average Price per Home in Backlog $1,128,100 $1,040,200 Home Sales Gross Margin 26.0% 25.8% Adjusted Home Sales Gross Margin 27.5% 28.2% Interest Included in Home Sales Cost of Revenues, as a percentage of Home Sales Revenues 1.1% 1.3% SG&A, as a percentage of Home Sales Revenues 9.5% 9.0% Income from Oper